2 simultaneous investments in highly sustainable, waterless textile dyeing have been announced by TAU Investment Management, LLC, based in New York, NY/USA, and Hong Kong/China. A special purpose vehicle formed and managed by TAU will acquire significant interests in both DyeCoo Textile Systems BV, Weesp/Netherlands, and CleanDye Holding BV, Amsterdam/Netherlands, as part of TAU’s strategy to invest in the sustainable, transparent and responsible supply chains of the future.
Today, the dyeing and treatment of textiles is responsible for fully 20% of industrial water pollution globally. DyeCoo’s patented DyeOx technology allows for waterless and chemical-free textile dyeing, making it a valued partner to leading global manufacturers and brands who are also committed to DyeCoo’s sustainable technology.
Through its wholly owned subsidiaries, CleanDye operates the world’s first textile dyeing facility purpose built in Vietnam exclusively to use DyeCoo’s waterless and chemical-free DyeOx technology. CleanDye’s dedicated use of DyeOx technology allows it to offer its customers fabrics dyed with no water, no process chemicals and no wastewater discharge produced in a hazard-free environment — all while realizing 50 % energy savings and geographical freedom from water sources.
As part of the agreement, TAU will join the boards of directors of both DyeCoo and CleanDye and will play an active role in contributing its responsible supply chain technology expertise and industry network.
»This is a unique opportunity to support 2 organizations bringing a new facet of sustainability to the garment industry.«
Oliver Niedermaier, CEO, TAU Investment Management